largest disorderly default in history 20/3 , page-24

Thorburn,

Germany and Switzerland do not have any plans to repatriate their own 'industry base' to Greece. Can you imagine putting Greece in charge of banking? haha
How about moving BMW to Athens? hmmm

It is true that stranger things happened in Europe: the pope is German and the head of ECB is Italian.:-)

However as I have said - there are two major EU projects in the pipeline for Greece - both in industries where they have international competitive advantage, but need the know-how (technology) and financial backing (money).

All right - lets see if the EU will come up with the EUR80 billion needed. We will know soon enough.

Snuff,

One thing the Chinese seem to understand - the basis of capital creation is savings. Thanks for your article.